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5 Things Every Canadian Should Know About Their Money Today

From a rate hold to a sovereign wealth fund — here's what's moving the needle on your finances right now. 01 — DEADLINE Today is the tax filing deadline — and your refund may be a lifeline April 30 is the last day most Canadians can file their 2025 income tax return without penalty. With the cost of living still squeezing household budgets, many Canadians are counting on their refund as a financial cushion. Filing late triggers a 5% penalty on any balance owing, plus 1% for each additional month. If you haven't filed yet, the CRA's NETFILE portal is still open — act before midnight. 02 — INTEREST RATES Bank of Canada holds steady at 2.25% — no relief yet for borrowers The Bank of Canada kept its policy rate at 2.25% yesterday — the third consecutive hold of 2026. Governor Tiff Macklem cited rising inflation driven by higher global energy prices tied to the Middle East conflict, while U.S. tariffs continue to weigh on exports. CPI inflation climbed to 2.4% in Ma...
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Turkey Warns of ‘Dangerous Consequences’ Over Cyprus’ Israeli Air Defence Upgrade

 


Turkey has voiced concern over reports that Cyprus has acquired Israel’s Barak MX air defence system, warning the move could upset the “fragile balance” on the divided island.

Cypriot media say deliveries began late last year, with the Israeli-made system set to replace ageing Russian Tor M1 units. Capable of intercepting missiles, drones and aircraft at ranges up to 150 km, the Barak MX marks a significant boost to the Republic of Cyprus’ defences.

A Turkish defence ministry official, speaking anonymously, said Ankara is “closely monitoring” developments and will take “all necessary measures” to safeguard the Turkish Cypriot north. Cyprus’ Defence Minister Vassilis Palmas defended the procurement, citing the island’s “self-evident duty” to maintain security while under occupation for more than five decades.

The island has been split since Turkey’s 1974 intervention following a coup aimed at union with Greece. Ankara remains the only government to recognise the Turkish Republic of Northern Cyprus, where it maintains over 35,000 troops.


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